Effective March 21, 2022, the Board of Directors of Magnite, Inc., upon the recommendation of its Nominating and Governance Committee, appointed David Pearson and Diane Yu as directors of the Company. Mr. Pearson will serve as a Class III director and Ms. Yu will serve as a Class I director. Mr. Pearson was also appointed to serve as a member of the Audit Committee of the Board.

David Pearson has served on the Board of Directors of Lee Enterprises Inc., a public media company listed on Nasdaq, since February 2020, and is also a member of Lee's Audit Committee. Mr. Pearson was Chief Financial Officer of Vonage Holdings Corp., a public cloud technology company from May 2013 until August 2020. Before Mr. Pearson joined Vonage, he spent more than nine years with Deutsche Bank Securities as a Managing Director and Global Media & Telecom Group Head.

Prior to joining Deutsche Bank, Mr. Pearson served in various roles at Goldman, Sachs & Co. in the Technology, Media & Telecommunications investment banking practice for more than nine years, including most recently as Managing Director. Diane Yu has served as the Chief Technology Officer of Better.com since January 2021.

Ms. Yu is the Co-Founder of FreeWheel Media, Inc. and served as its Chief Technology Officer from 2007 to 2014, when FreeWheel was acquired by Comcast. Following the sale, Ms. Yu served as Chief Technology Officer of Comcast's Advanced Advertising Division.